155.5 sq yd Residential Plot for Auction in Visakhapatnam – Chola

Property Details

Property type

Residential Plot (Residential)

Possession

Physical Possession

Area

155.5 sq yd (≈ 1,399 sq ft)

Reserve price / sq ft

₹4,716

Locality

—

City

Visakhapatnam

State

Andhra Pradesh

Address

All that piece or parcel of site measuring an undivided extent of 155.5 sq.yds or 130.66 sq.mts. together with Ground Floor-1400 sq.ft. and First Floor-1400 sq.ft. and Second Floor-1400 of RCC building bearing D.No.6-1080, Asst No. 1080, Covered by S.No.206/1, Plot No.1 part of Pedagummuluru Panchayat, Pedagummuluru Revenue Village, S. Rayavaram Mandal, Visakhapatnam and Sub Registration District of Nakkapalli and bounded by: East: Part of Plot No.01 Yerramsetti Prakashrao and Others, South: Plot No.06 Raavi Chalapathi, West: Property belongs to Pinapatruni Atchutarao, North: Way to Narsipatnam Road. Measurements: East: 80'00 or 24.08 mts. South: 17'06 or 05.42 mts. West: 80'00 or 24.08 mts. North: 17:06 or 05.42 mts. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

NTR Dist

Auction type

SARFAESI Auction

Borrower

Srinivasa R** N**** K****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 01:00 PM

EMD submission deadline

08 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378332

Price Check

This listing's reserve price works out to ₹4,716 per sq ft. The average across residential bank auctions in Visakhapatnam on our site is ₹5,100 per sq ft, so this one is 8% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2378332), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,60,000 before 08 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 9 Oct 2026 starting above the reserve price, in multiples of ₹1,00,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.